Intel Corporation (NASDAQ: INTC) hits a new record high on Tuesday amid reports of supplying chips to Apple Inc. The stock climbed to $43.68 before closing at $43.47, up 8.65%. Analyst Ming-Chi Kuo predicts Intel will supply chips to Apple in the next two years, boosting visibility for the partnership. Intel has been actively pursuing Apple for investments, securing a $5 billion investment from Nvidia Corp. The US government also acquired a 10% stake in Intel. While Intel shows promise, other AI stocks may offer higher returns with limited downside risk.

Read more at Yahoo Finance: Intel (INTC) Hits New Record on Apple Deal Hype